GSTR-3 Filing Procedure and Due Dates

By GSTBazaar

28th July 2017

GST return filing is mandatory compliance as per the Goods and service tax regime. Person registered under GST is required to follow the details of the inward supply outward supplies and make the payment in third return.GSTR-1 containing the details of inward supplies are required to be filed by 10th of the subsequent month and details of outward supplies in GSTR-2 by 15th of the subsequent month and then finally GSTR-3 by 20th to make the final payment.

GSTR-1 and GSTR-2 has the consolidated data and that is GSTR-3. It can be divided into 2 parts

Part A

Details of Inward Supply

Details of Outward Supply

Total Tax Liabilities

TDS and TCS credit receipt during the month.

While, part B contains

Details of tax,

Details of interest,

Details of late fee

Penalty remitted during the month.

Particulars to be included in GSTR-3

GSTIN- It is state wise PAN based 15 digits number allotted to every taxpayer. It will be auto-populated at the time of filing GSTR-3.

Name of the taxpayer- It is the name of the taxpayer that will also be auto-populated at the time of logging into the common GST Portal.

Business address of the composition dealer will get auto-populated here.

Period of Return– There is a requirement of the Taxable person is from a drop down according to the relevant month and year respectively for which GSTR-3 is being filed.

· Details of turnover- The details of consolidated turnover of all types of supplies are specified under this column. Depending upon the Gross turnover division takes place between the following-

Export Turnover

Taxable Turnover

Non-GST Turnover

Nil rated and Exempted Turnover

Total Turnover (sum of above all)

Outwards Supplies- All the particulars of outward supplies furnished by the taxpayer in GSTR-1 will get auto populated under the various columns of this return. These columns are as follows-

Intra-State Supplies to Registered Taxable Person

Inter-State Supplies to Registered Taxable Person

Intra-State Supplies to Consumers

Inter-State Supplies to Consumers

• Exports (including deemed exports)

• Revision of Supply Invoices or Credit Notes or Debit Notes

• Total Tax Liability on Outward Supplies

Inward Supplies- Similar to the outward supplies, all the particulars of inward supplies furnished by the taxpayer in GSTR-2 will get auto populated under the various columns of this return. These columns are as follows-

• Inter-State Supplies Received

• Intra-State Supplies Received

• Import

• Revision of Purchase Invoices or Credit Notes or Debit Notes

• Total Tax Liability on Inward Supplies on Reverse Charge

ITC Reversal

Total Tax Liability- Through the details of outward supplies and inward supplies declared above the tax liability under this head will be automatically calculated. Tax liability is required to be determined from both dealing in goods and provision of services. Also, a separate value will be shown for CGST, SGST, and IGST respectively.

TDS received during the month- Any amount deducted by way of tax deducted at source will be auto populated under this column from GSTR-2.

TCS credit received during the month- In the case of e-commerce operators, any amount of tax collected by them as TCS will be auto- filled here from GSTR-2.

Input Tax credit- The total amount of eligible input tax credit available on taxable inward supplies filed in GSTR 2 will get auto-generated here.

Part B

Tax, Interest, late fee and penalty paid- Inputs of all columns will be taken to calculate the final GST liability under this head. Tax liability against IGST, SGST, and CGST will be shown separately. Here the taxpayer will have the option to debit cash ledger/ credit ledger against the liability outstanding.

Refunds claimed from cash ledger- Under the head the taxpayer is empowered to claim the refund of excess tax paid.

After furnishing all the details accurately, the taxpayer is required to sign digitally either through digital signature certificate (DSC) or Aadhar based signature verification to authenticate that return.